I just saw that. This stock trades like a penny stock at times -- there are often minute gaps between trades. True in-demand stocks are never this thinly traded. For a company that is being touted as being bought out at twice the present market cap, this should never happen this frequently. Another red flag.
I don't see any pharma buying this company at this price and something is fishy about this company. I won't be surprised if the drug doesn't get approved. There is something going on that we don't know but soon we will know because this not normal trading.
After 2-day bump on Buys by new, hopeful longs, volume is way down. I see the MM is trying to run up the price to sucker in some new longs, but today, the fish aren't biting. You know, the drug that they are touting could actually be good, but from a purely price standpoint, the trading over the last 6 weeks (stock and options both) looks so fishy that somebody is guilty of some misdoings here. It will just take some time before that is exposed and the price craters. The only thing that can save it is if another big pharma overpays for Puma the way Roche did for Intermune.
Sentiment: Strong Sell
Take a good look at those few bids in the upper $250's......they won't be there once the market opens. Look at your watch lists.....how many stocks are already down .5% or more.....80%?
I don't know about $300 but I do see another run at the all-time high of $279.37 set on Tuesday. And it's going to face trouble along the way.
PBYI entered a bearish setup on the open this morning. Intraday trading Monday through Wednesday has formed a clear "head and shoulders" pattern - actually, several of them within one another - which is not a good signal to go long.
The real trouble: there are no clear support levels above $242.50, nowhere to rest and regroup. All we have is the 5-day moving average to go by, currently at $267.74 in my 5-day view. So PBYI will continue to gyrate crazily up and down. If she drops from this level or higher, she will drop FAST.
And I will bet it winds up closer to $200 tomorrow than it does to $300....what would you like to wager? Maybe your imaginary...ooooops....I mean inflated shares?
LOL @ the CLOWN.....that is why you come to this board to pump this stock. Did you do your DD? haaaaaa
Good news Joe Blow! The 2 separate lawsuits have nothing to do with you and your sister trading on inside information. Well, actually that's not good news for you. Unless of course, the insider trading is rampant throughout the company. Then you guys will have plenty of company in Federal prison! And more good news: it's minimum security for non-violent felons. It looks like the lawsuits pending have to do with materially false statements made by officers in the company -- another possible felony based upon what is found! Hmm. I guess that's not really good news for you.
They are having success at churning shares so they will continue to do so until that changes. The market can be dropping and this will drop slightly and then just come to a standstill and begin back up with the slightest uptick in the market. Just too many over-inflated believers right now.
In fact, there are so many enthusiastic investors right now, that the market can't even sustain a much needed correction after almost a month of steady appreciation. I suppose that is partly due to the 75% - 80% of normal trading volume due to the upcoming holiday.
It does appear that there has been some reduction in this stock enthusiasm....it is having a hard time staying above the $270 mark even with the market back in positive territory
Unbelievable the level of mm that is being played here. People who own or are thinking of buying this stock should take a look at the strategies being used to pump the pps.
Sentiment: Strong Sell